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Financial stress is bad for your health

On Behalf of | Jan 20, 2023 | Bankruptcy

Have you been dealing with a lot of financial stress lately? Maybe you’re thinking about bankruptcy because you’ve been trying to pay off all of your debt, you just haven’t been successful and you’re not sure that there is a solution that’s going to work. This has been keeping you up at night and stressing you out, and you just want to put an end to it.

Don’t ignore this feeling. Studies have actually found that financial stress can be very bad for your health, which is one of the advantages of alleviating it, perhaps through the bankruptcy process. Let’s look at some of the ways that it can hinder your health.

Heart attacks are more common

To start with one of the more concerning findings, studies discovered that those with a great deal of financial stress also had higher odds of suffering from heart attacks and other coronary events. The constant stress takes a toll on your system. Even those who had good access to healthcare still had higher heart attack rates if they were financially stressed.

It can impact your sleep

On top of that, financial stress can keep you from sleeping, leading to insomnia or disrupted sleep. Lack of sleep can lead to a lot of other health problems, in part because it can simply make your immune system less effective and make you more vulnerable to illnesses.

It can be mentally distressing

Stress also causes mental health issues. People often feel aggravated or overwhelmed. Little things may set them off in a way that they shouldn’t. Some people even have to deal with anxiety and depression.

For all these reasons and many more, it’s important to understand exactly what legal options you have to deal with this debt.

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The Law Office of Kim Covington is a debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 23 years.